According to Company Concall:
EV Manufacturing:
Maybe launched at the end of FY25 or starting of FY26.
Breakeven for the plant will be achieved after 12,000 vehicles.
Up to 7000 vehicles will be manufactured in FY26. So, Breakeven is achievable in FY27 if the concept is successful.
EV Leasing:
Did a revenue of 50 Cr in 1QFY25. Orderbook – 330 Crs.
AUM in this business is 600 Cr at present.
Mr.Anmol Singh Jaggi said ” The integrated model of having EV leasing and EV manufacturing under one roof is going to pay us very rich dividends in the times to come”.
6000+ EVs on lease. They are telling the same since January-2024.
Some or most of the 7000 vehicles manufactured in FY-26 will be used in EV leasing.
BESS:
BESS Business takes 15 to 18 months for installation, so it might complete between Dec-2025 & Mar-2026. Most probably, Cash flow from BESS will start from FY27 (Even if it takes 21 months for installation).
Gensol will receive 258 Cr per annum from GUVNL
EBITDA will be 232 Cr (Considering 90% Margin)
PAT from existing BESS Orderbook will be approx 162 Cr ( Tax assumed to be 30%).
Scorpius Trackers:
For 1QFY25, Loss from this Business is 2 Cr.
Has 1000 MW+ Orderbook in India. Targeting 2000MW in US by 2028.
This may turn profitable in FY25.
Solar EPC:
EPC Orderbook is approximately 1800 Cr.
This segment may generate 200 Cr profit on standalone basis.
Future outlook on Financial front: (Purely Assumptions only)
FY25: Loses from Scorpius Trackers & EV leasing may start reducing. Profit on Consolidated basis may be 110 Cr.
FY26: Depends on EPC Orderbook.
FY27: Solar EPC + Scorpius Trackers + BESS + EV Leasing will contribute to Profits. Profit on Consolidated basis may be north of 400 Cr-500 Cr (I think 162 Cr from BESS is guaranteed).
Please correct me if my calculations are wrong.
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